Blast From The Past - 6 Years Ago Today...

Tyler Durden's picture

Six years ago today, with the S&P 500 around 1460 - having risen 20% without a correction for seven months - a handful of Wall Street's best and brightest joined CNBC's Larry Kudlow and Bob Pisani to discuss the Goldilocks economy, why the bears are wrong, and where the market is going next. Sometimes, we just need a reminder to snap us out of that recency bias... for example, Bob Pisani: "We have got a global rally going on... and the important thing is... there's a floor to the market - every time, for the last seven months, they sell the market down for 2 days, it comes right back."



Ralph Acampora: "I'm bullish, but I don't think I am bullish enough...there's new leadership"

Larry Kudlow: "Goldilocks kicks some more butt and the bears of the last four years are wrong... as they climb the 'wall of worry'"

Bob Pisani: "Transports have been rallying - as the disaster that the bears keep talking about hasn't happened... When you are in a global expansion like this, to foolish."

and our favorite:

Bob Pisani: "People who keep talking about this real estate bubble don't understand... there are 3 things that bring down real estate markets: 1) the economy falls apart, 2) liquidity is withdrawn, and 3) supply overwhelming market - NONE of that has happened."


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ShortTheUS's picture

Kudlow hasn't aged a day. Cool Breeze on the other hand looks like he hit the wall (st.) and the wall (st.) fell on him

Seasmoke's picture

Wow , look at the price of N.Gas !!!!!

FranSix's picture

Plus ca change.

Tegrat's picture

I heard 3/22 is the day things get crazy. Try shorting the close of 3/21.

howenlink's picture

I've heard a lot of things too.  Problem is not hearing things.  In fact, most of us can hear.  Problem is nobody gives a rats ass about evidence.

q99x2's picture

Wish the DHS was still in the same position as it was 6 years ago.

orangegeek's picture

SP500 weekly in 2007 similar to that of today.


Let's see if the Fed stops pouring cash into the markets.

SilverDOG's picture



Ag 13.90 


Almost free.

medium giraffe's picture


On second thoughts, I wish to re-edit my post entirely and reflect up the only real reasonable response (apologies).


The cunts.

Yes_Questions's picture



Kudlow:  and since I'm the biggest whore here, a line off MY ASS for everyone.

Robot Traders Mom's picture

LOL, the 2 yr was pushing 5% then on their ticker...


Number 156's picture

Its what we call the the Muppet Show:

Suckers. I only hope we will get more videos like this one when the next big plunge comes.


CitizenPete's picture

Why would this guy record this?   Funny as it is.  Wasn't funy at the time though.  I remember.

Number 156's picture

He tried to play the Russell 2000 near the top when he should have parked his money on the sidelines.

No, It wasnt funny at the time. I laugh about it now.

dolph9's picture

I get the feeling this is it, people, the last hurrah for the stock "market."

After the next downturn the market will be discredited for decades, if not forever.  If you are an acute observer, you will understand this.

medium giraffe's picture

Acute? Myopic will do....

Tango in the Blight's picture

It will only be discredited by humans and be 100% algo driven. They don't know the concept of faith.

Clowns on Acid's picture

No worries...we are approaching the "Sequester Semester"....



cliffynator's picture

I saw Apple at 84.70! And I forgot that I had become sick and tired of hearing "Goldilocks"

rgbensonaz's picture

CNBS is still alive?  I cancelled cable two years ago.  Starve the beast!

TheBen's picture

Check out this one from Kudlow on March 6, 2009--Luskin says stocks are going down 70% from the 666 low.  They really make it too easy.

RockyRacoon's picture

Don Luskin is one of my favorite contrary indicators.  He's always a day late and a dollar short.  He's an egotistical moron who thinks he's god's gift to witty repartee.

azzhatter's picture

Luskin is a certifiable asshole. Arrogance personified, I keep hoping for Peter Schiff to punch him in the balls on live TV and watch him cry like a sissy

vamoose1's picture

god  help  us   ralph make em poorah    bob  piss on  me    and   i want  to  be  that   cunt   kudlows   sinus   surgeon ....  thats  a   true    trio.


tahoebumsmith's picture

Oh Mr. Pudlow, 4 yaears ago we didn't have a handful of robots playing Pattie Cake with themselves. Riddle me this MR. PUDLOW, where did all the APPL money go? Oh into stocks like gmcr just to name a few. You see the big money pulls all the suckers in at the top and then leaves your 72 year old mom taking the hit when they decide it's time to sell in bulk. You FASCIST MOTHERFUCKERS need to go away. Not one person has been jailed for all the CDS, CDO, ROBOSIGNING,LIE-FRICKEN-BOR MANIPULATION? WTF the FASCIST bankers now run this country thanks to a bunch of submissive, bought out milksops in the Congress and Senate. There has been so many crimes commited that the jails should be full! Let the pot growers go and put the real villains behind bars. This Country is completely fucked... Nobody takes responsibility for any actions anymore and the more corrupt it gets, the more they turn their heads. Just look at the charts!!! 4 years ago when the big 5 CRONY Banks were ready to go down they controlled 45% of the financial markets. Well here we are 4 years later after BAILING them out to the tune of 10 TRILLION!!! See the FED report, and now they control 65% of the financial markets??? WT FRICKEN F? Now that the FED has expanded its balance sheet to a mere 3T, they are the biggest too big to fail that controls the other too big to fails... You don't need to be a science rocket to see this was all planned in the first place. A complete takeover from a democracy and now a totalitarian rule set in place run by a few FASCIST FUCKING CROOKS that will pilfer and steal every last dime they can from all the GLOBAL serfs until there is nothing left to steal. Just explain the fact we have double our deficit in 5 yars and got a ngative GDP last month? 6 frickin TRILLION and we can't get out of the red? And please explain the 600 TRILLION dollar derivitive ponzi that will collapse the globe. You corrupt, greedy fascist gamblers have bet my kids future for instant gains. When this shit falls apart I hope my kids line your asses up agaist a wall and.......

samsara's picture

Standing Clapping. Well put sir.

Stud Duck's picture

Why put your kids on the spot to do the dirty work, take some of that responsibility your self!  you expect your kids, grandkids to recognize what has happened???

Time for all you arm chair quarterbacks to start lifting the load that your own ignorace has created!


bigrooster's picture

I went to dinner tonight with my son.  The bill was $30.06.  I gave the young (new) waitress $40 cash.  So she give me a 10, 5, and five 1's.  I could have been a scumbag and bought a six pack with it...I drink good beer.  Anyways I gave her the extra $10 back and told her to be careful.  I felt very good after that.

Any fucking wallstreet scumbag who enjoys taking 1000's, 100,000's, 1,000,000's, 1,000,000,000's, 1,000,000,000,000's needs to be hung high.

Disclaimer...I had a lot to drink tonight and I have no idea what I am even fuck you NSA!

Manipuflation's picture

LOL!  I would expect no less.

WTFUD's picture

Two hot bands to keep an eye on.

Pisani & the PissFlaps

and making his 3rd comeback

Ben & the Printers

cobra1650's picture

Bob Pisani is a huge steaming pile of shit.

Gold at $668 on the

Kingkongballs827's picture

PVC Gun Burial Tube. Holds 3 long rifles Ak47, SKS, AR15 plus ammo and gold & silver. Check it out here.



Grand Supercycle's picture

DOW monthly chart shows impending Wile E. Coyote drop.

It doesn't take a genius to realise this chart will end in tears.

Longs please be careful.

AbbeBrel's picture

Yeah yeah what happened back there was just a tragic boating accident.   All you investing tourists - the water is safe, trust me!   Dive right in!   There hasn't been a real Squid sighting in years...  

Dre4dwolf's picture

Back then people were not paying attention to anything, nowadays people KNOW another crash is on the way, the smart money is sitting on the side-lines waiting to buy up all the stocks of companies that are going to get into the new round of bailouts.

maxblockm's picture

"Global Synchronous Expansion" = Worldwide Bubble Blowing

SmallerGovNow2's picture

And now we are in a global synchronous collapse....

geotrader's picture

That pump got him and his buddies another 80 points before the melt down.

MyBrothersKeeper's picture

Have you noticed the internet version of CNBC has been leading with Treasury Bond movements as it's top headline.  Just in case there was any question that this media outlet is following the Obama/Bernanke theme of encouraging the movement out of bonds and into stocks.  All, in my opinion, to make people believe that interest rates may rise sooner than expected....which we all know is complete and utter BS because it detroys the credit metrics related to national debt, inflation etc

TheObsoleteMan's picture

Actually, it was six years ago this week that the very first sign of what was too come occured. The sub-prime mortage lender New Century lost 45% of it's share price in one day of trading. Too many people were drinking the Koolaid and not paying attention in early 2007. By that August though, they were.

CaptainSpaulding's picture

I loved CNBC during the Mark Haines days. When he was in charge of the Squawk box along with Joe Kernan and Dave Faber , I never missed an episode. The show made me laugh and think every morning. Mr Haines professionalism shined during the morning of 9-11. Cnbc today? .. Meh, I'll pass

GrinandBearit's picture

He was less of a schill than most, but still a schill.  I swear the guy had a J&B bottle in his lap while he was on the air.  He used to laugh at Peter Schiff too, especially before the housing bubble popped.

vft2212's picture

What is this CNBC you of which you speak?

Herkimer Jerkimer's picture





I love it!


"The Net Never Forgets!"


Why is Pisani still working? Why are any of those bums stilling working?

They can be wrong and wrong and wrong, again and again and again and are NEVER held accountable.


And yet, like the very turds they are, they continue to float to the top.




SmoothCoolSmoke's picture


Memo to all those on the video:

Fuck you, you fucking fucks.


Sincerey yours,,,,,,,,